CAclubindia News

New ITR-2 Form Notified for AY 2026-27

31 March 2026 at 09:26

CBDT notifies revised ITR-2 form under Income Tax (Third Amendment) Rules 2026. Check key changes, disclosures, and applicability for AY 2026-27.

Posted in Income Tax | 1 comments | 6129 Views

MCA Eases DIR-3 KYC Compliance for Directors: Key Changes Effective 31st March 2026

31 March 2026 at 09:25

MCA introduces major changes to DIR-3 KYC compliance. Directors will now file KYC once every 3 years from March 31, 2026. Check rules, timelines and examples.

Posted in Corporate Law | 1 comments | 4434 Views

Lok Sabha Passes IBC Amendment Bill 2025, FM Highlights Strong NPA Recovery

31 March 2026 at 09:24

FM Nirmala Sitharaman reveals IBC accounts for 52% of Rs 1.04 lakh crore NPA recovery. New reforms include creditor-led insolvency and a cross-border framework...

Posted in Corporate Law | 882 Views

Fugitive Economic Offenders Act Strengthens Crackdown: Rs 15,183 Crore Returned to Banks, FM Tells Lok Sabha

31 March 2026 at 09:23

FM Nirmala Sitharaman informs Lok Sabha: Rs 64,920 crore attached in 1,105 bank fraud cases, Rs 15,183 crore returned to banks under FEOA and PMLA crackdown.

Posted in Income Tax | 525 Views

No TDS Below Threshold: CBDT Clarifies Banking Provisions Under Income Tax Act, 2025

31 March 2026 at 09:23

CBDT clarifies that banks and specified institutions remain exempt from TDS on interest below threshold under the Income-tax Act, 2025, ensuring no change from Section 194A provisions.

Posted in Income Tax | 1 comments | 12354 Views

New Duty Deferment Scheme: CBIC Outreach Highlights Benefits for MSMEs

30 March 2026 at 09:30

Central Board of Indirect Taxes and Customs (CBIC) organised an outreach programme in New Delhi on the Duty Deferment Scheme (EMI), highlighting benefits, eligibility, and compliance for manufacturer importers.

Posted in Custom | 618 Views

CBDT Issues New UIN Procedure for Form 121 Declarations from 1st April 2026 Under IT Act 2025

30 March 2026 at 09:30

CBDT Notification 01/2026 introduces mandatory UIN generation for Form 121 and quarterly reporting rules for payers under the Income Tax Act 2025, effective April 1, 2026.

Posted in Income Tax | 1 comments | 6966 Views

New GDP Series 2022-23 Uses 300+ Data Sources, Says FM Sitharaman

30 March 2026 at 09:26

India's new GDP series (2022-23 base year) uses over 300 data sources, GST and PFMS data to improve accuracy. FM Nirmala Sitharaman explains evolution since 1948.

Posted in Community & General | 6708 Views

KPMG UK Plans Job Cuts: Up to 440 Audit Roles at Risk Amid Market Slowdown

30 March 2026 at 09:25

KPMG UK plans potential layoffs impacting up to 440 audit employees amid low attrition and market slowdown. Nearly 600 staff are at risk as restructuring begins.

Posted in Audit | 2373 Views

CBIC Clarifies No Validity Limit for Exporters' Self-Sealing Permission

30 March 2026 at 09:25

CBIC Circular 14/2026 clarifies that self-sealing permission for exporters has no expiry and continues indefinitely unless revoked for non-compliance or misuse.

Posted in Custom | 132 Views